Currency Majors Are Stable. We Expect Statistics from the US and Canada

Yesterday, the major currency pairs showed a variety of trends. The dollar index (#DX) kept the current levels. Support for the US currency was provided by optimistic data on the real estate market and the prospect of implementing the tax reform. In November, sales in the secondary housing market increased by 5.6% to 5.81 million. The Senate and the US House of Representatives approved the bill draft. The document was handed over to be signed by the US President Donald Trump.

The Canadian dollar was supported by a positive data on the volume of wholesale sales in the country. In October, the indicator increased by 1.5%. Market expectations were at 0.5%. The Statistics Service of New Zealand reported that in the third quarter the country's GDP growth slowed to 0.6%. At the same time, the indicator exceeded the experts' expectations (+0.5%). The Bank of Japan, as expected, left the key interest rate at the previous level of -0.10%. The regulator plans to adhere to the current rate of the monetary policy. Today, the attention of financial market participants will be focused on the economic reports from the US and Canada.

The "bullish" sentiment prevails in the oil market. Yesterday, futures for the WTI crude oil rose by more than 1%. At the moment, the price is testing a mark of $58 per barrel.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer,
and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.